Proassurance Corporation · NYSE:PRA
Proassurance — Investor Presentation (December 2005)
5 slides from Proassurance's investor presentation, Dec 16, 2005
Slide 1: Company highlights: market cap, premiums, assets
• Market Cap: $1.6 Billion • Gross Premiums: $790 million in 2004 • Assets: $3.8 billion • Nation’s fourth-largest medical professional liability insurer • Recently announced acquisition of PIC-Wisconsin • Geographically diversified • Experienced, invested management • Sale of personal lines busines
Slide 2: Medical Malpractice "Pure Plays" Peer Group
Medical Malpractice "Pure Plays" ProAssurance (NYSE: PRA) AP Capital (NASDAQ: ACAP) First Professionals (NASDAQ: FPIC) SCPIE (NYSE:SKP) Peer Group Market Cap in millions PRA: $1,610 ACAP: $395 FPIC: $380 SKP: $212
Slide 3: We Created a Leader Through Consolidation
We Created a Leader Through Consolidation Mutual Assurance 1994: Consolidation of: West Virginia Hosp. Ins Co.1996: Consolidation of: Missouri Medical Ins Co Medical Assurance1999: Assumed business of: Medical Defense Associates (MO) Founding in the 1970’s Physicians Ins. Co. of Michigan 1995: Assum
Slide 4: PIC Wisconsin Transaction
PIC Wisconsin Transaction PIC Wisconsin fits our footprint—and our strategic goals Expands our presence in the Upper Midwest Local knowledge will be crucial for our shared success PIC Wisconsin will remain responsible for its core states
Slide 5: Four-Year Loss Ratio Comparisons
Four-Year Loss Ratio Comparisons Our ability and willingness to defend claims allows us to achieve better results Average Statutory Loss Ratio 2001-2004 PRA 100.6%: Legal Payments 53.1%, Loss Payments 47.5% ACAP FPIC SKP: Legal Payments 39.8%, Loss Payments 68.3% US Industry: Legal Payments 35.9%, L
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